NAM considers move to challenge Ban

Non Aligned Movement (NAM) nations are preparing to challenge UN Secretary General Ban Ki-moon over his appointment of a three-member panel to advise him on accountability issues during the final stages of the separatist war that led to the military defeat of Tiger guerrillas last year.

GSP Plus suspension will cost Lanka Rs. 570 billion a year

The European Union’s suspension of the GSP Plus preferential tariffs from August 15 this year will lead to a loss of US $ 500 million or Rs 570 billion a year, a top official in the apparel sector said yesterday. “This will mean a loss of 12 percent of the country’s apparel exports,” Joint Apparels Association Federation (JAAF) President A. Sukumaran told the Sunday Times yesterday.

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